The Third meeting of the Committee of the Arab Gulf Cooperation Council (GCC) in-charge of discussing a study on foreign capital will start its two-day deliberations here tomorrow. The Committee will focus its deliberations on aspects of legislation and legal frameworks and their role in attracting , activating investment and economic growth as contained in the study, which is prepared by the United Arab Emirates University. This was stated by Assistant GCC Secretary General for Economic Affairs, Mohamed Obaid Al-Mazroui. The preparation of this study is a continuation of the two previous meetings of this Committee to discuss in-depth the subject of this study, as well as implementation of the Council's decision on financial and economic cooperation, which was taken at its 60th session which mandated the GCC General Secretariat to prepare a comparative study of regulations and procedures to encourage foreign investment in the GCC countries with the possibility of making use of similar regulations in the countries that have succeeded in attracting foreign investments. The GCC is made up of Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain and Oman.
